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Tax Breaks & Subsidies
Bill Introduced to Extend Federal Renewable Energy Tax Credits
March 17, 2006 by Jesse Broehl in RenewableEnergyAccess.com
March 17, 2006 by Jesse Broehl in RenewableEnergyAccess.com
Washington, DC [RenewableEnergyAccess.com] Tax credits to promote renewable energy got a reassuring boost from lawmakers this week in Congress as a Senate bill was introduced to extend new federal tax credits authorized in the Energy Policy Act of 2005 through 2010.
Also filed under [
USA]
Despite a short-term spike in the cost of wind power, data from a recent Emerging Energy Research study shows wind energy is nearly cost-competitive.
The Comparative Costs of Energy report focuses on the European market but can be applied to the U.S. market as well, said William Ambrose, president of EER. Much of the study was based on global trends in the industry, he said.
David Cameron: Time for innovation to tackle Climate Change
April 20, 2006 by Conservatives Press Release in conservatives.com
April 20, 2006 by Conservatives Press Release in conservatives.com
In his first major speech on climate change David Cameron will outline Conservative plans to replace Labour's Climate Change Levy with a new, more effective and better targeted Carbon Levy.
Evolution Markets Completes Auction of RECs for Mass Tech Collaborative
May 5, 2006 in Renewable Energy Access
May 5, 2006 in Renewable Energy Access
Westborough, Massachusetts [RenewableEnergyAccess.com] Evolution Markets LLC completed an auction of renewable energy certificates (RECs) for the Massachusetts Technology Collaborative (MTC), a public economic-development agency that manages the state's Renewable Energy Trust, for an average price of $53.10 [per MWh].
Also filed under [
Massachusetts]
Energy group E.ON is leading calls for the Government to give tax breaks to people who have installed insulation and double glazing in their homes.
House OKs fees on oil industry; Dems say plan could produce $15 billion for renewable fuels
January 19, 2007 by H. Josef Hebert, Associated Press in Knox News
January 19, 2007 by H. Josef Hebert, Associated Press in Knox News
Democrats said the legislation could produce as much as $15 billion in revenue. Most of that money would pay to promote renewable fuels such as solar and wind power, alternative fuels including ethanol and biodiesel and incentives for conservation.
Suppliers of mini-wind turbines and solar panels for the home have reported falls of up to 90 per cent in customer enquiries after the Government cut subsidies in May.
While Energy minister Malcolm Wicks and Conservative leader David Cameron struggle with the vagaries of the UK's planning system (see below) to get their wind turbines erected, fewer ordinary households are now even bothering to apply.
Renewable Energy Bill Introduced in U.S. Senate - Senator Conrad introduces bill to extend solar, wind tax credits, other renewable energy provisions
April 10, 2006 in renewableenergyaccess.com
April 10, 2006 in renewableenergyaccess.com
Washington, DC [RenewableEnergyAccess.com] With energy independence and renewable energy development a legislative priority for Congressional leaders, the introduction of another renewable energy legislative proposal made its way to the Senate floor last week.
Also filed under [
Energy Policy|
USA]
Site Acquisition Strategy for California
October 24, 2006 by Western Wind Energy Press Release in Earth Times
October 24, 2006 by Western Wind Energy Press Release in Earth Times
Western Wind Energy Corporation has reviewed the wind energy marketplace across the United States and has determined to seek new wind energy development opportunities in California. The strategy is focused at 30 sites totaling over 1,200 Megawatts.
Spain to cut subsidies to wind-power plants
December 4, 2006 by Kristian Rix in International Herald Tribune
December 4, 2006 by Kristian Rix in International Herald Tribune
PALMA DE MALLORCA, Spain: Spain will cut subsidies to wind-power plants following an overhaul of the way it calculates aid for renewable power sources, hurting earnings at utilities including Iberdrola, the world's largest producer of wind power.
St. Lawrence reaches tax agreement with NeWind
January 30, 2007 by Paul Herridge in The Southern Gazette
January 30, 2007 by Paul Herridge in The Southern Gazette
St. Lawrence Mayor Wayde Rowsell has announced his town council has reached a 20-year tax agreement with NeWind Group Inc.
The deal, expected to generate tax revenues in excess of $2 million for the community over the life of the contract, was reached Jan. 19 after a week of negotiations between the two parties.
NeWind was awarded a contract by Newfoundland and Labrador Hydro in November to operate a commercial wind farm near the town, which will produce 27 megawatts (MW) of power to the island.
Mayor Rowsell indicated the town approached the negotiations with the philosophy a good deal would be one mutually beneficial to both the company and the community, an objective he felt was accomplished.
“We’re quite pleased with what we negotiated with the company.”
Summertime, with its heat waves, monster electric bills and crippling blackouts, may not seem like the best time for Con Ed to try to sell you on pricier power.
But marketers at ConEdison Solutions, a subsidiary of the giant utility, are betting that, if they ask the right people, they'll find some willing to pay an average of $10 more a month to switch to wind power.
"Despite the fact that everybody would like to pay less for their electricity, there are growing numbers of New Yorkers who are deeply passionate about the environment and want to do something about climate change," said Peter Blom, a ConEd Solutions manager.
A new electricity cooperative dedicated to “green” energy cleared a major hurdle when it received nearly $32 million in tax-free bonding authority from the federal government for a wind farm.
But significant hurdles remain before the co-op realizes its goal of supplying Montanans with power that doesn’t pollute.
“It’s by no means a done deal,” said Russ Doty, executive director of Green Electricity Buying Cooperative.
THE nation's carbon offset industry is booming. ... Total Environment Centre spokeswoman Jane Castle said a stricter accreditation system was required to regulate the burgeoning sector.
Tree planting was regarded as one of the least reliable methods, she said.
"A lot [of companies] are selling trees without accreditation. Their claims of carbon neutrality are not accredited or monitored," she said.
"It's very anarchic at the moment. There are many companies making a lot of money. Purchasing offsets should be the last resort if people and companies want to reduce emissions."
Australian Consumers' Association spokeswoman Ria Voorhaar said the carbon offsetting industry must be better regulated.
Also filed under [
Australia / New Zealand]
The $53,500 grant is being dispensed as part of the Value Added Agriculture Product Market Development Grant Program. The money will fund a feasibility study of wind energy including wind testing using altimeter.
Efforts to put a wind turbine on the campus of Holy Name Central Catholic Junior Senior High School earned a major boost last week with the award of $575,000 from the Massachusetts Technology Collaborative.
The grant will cover a big chunk of the project’s $1.6 million cost, and Stephen A. Perla, superintendent of the Diocese of Worcester Catholic Schools, says he is optimistic about raising the remaining $1 million.
Federation president Johannes Lackmann said investment in renewable energy sources turbines had actually fallen in 2007 and called on the German government to do more to stimulate its growth.
"The government's current provisions are insufficient to continue the successful course of recent years," he said.
Tax breaks and other subsidies that renewable energy sources receive in Germany are due to be gradually phased out over the next few years, which "green" producers say will erode their already weak competitiveness compared to traditional energy sources such as coal and nuclear power.
The state Senate refused Monday to re-open debate on Sen. Frank Kloucek's proposed tax break for noncommercial wind-energy systems.
The legislation failed on the first attempt on Friday, when Lt. Gov. Dennis Daugaard broke a 17-17 tie by voting against it.
An attempt to reconsider the bill on Monday fell short 17-18, as Sen. Jim Bradford, R-Pine Ridge, switched from yes to no.
Also filed under [
Energy Policy|
South Dakota]
The green energy sector has a lot riding on 2009. Policymakers from Washington to Beijing have pledged billions of dollars in "cleantech" investment to jump-start the depressed global economy and create millions of new low-carbon jobs. ...As with the solar industry, wind power has been hit by a sudden slowdown in private sector investment as credit has dried up and the price of oil has fallen from its mid-2008 high. The industry hopes public spending will help fill the gap until the global economy gets back on its feet.
A mixed energy forecast - Sarnia solar facility $300-million venture
April 27, 2007 by Chip Martin, Sun Media in London Free Press
April 27, 2007 by Chip Martin, Sun Media in London Free Press
One of the world's largest solar farms will soon rise on Sarnia's outskirts, and other sun-reliant green energy ventures are in the works for sunny Southwestern Ontario.
The Ontario government has approved an energy deal with OptiSolar Farms Canada to build a 400-hectare mass of solar panels that will produce 40 megawatts of electricity -- enough to supply 6,000 homes.
A key to the project was the government's deal to pay 42 cents a kilowatt-hour -- nearly four times what's paid for other green-generated electricity, such as from wind turbines -- to the solar company.
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